Sri Lanka’s Capital Alliance PLC is looking to raise nearly Rs. 1.6 billion through an initial public offering (IPO), stock exchange sources said.
"The issue will be 7.6 per cent of the company's issued capital," one source said. He said the company is raising capital for expansion in Kenya, East Africa, adding: "They hope to set up a full service investment bank in Kenya."
Capital Alliance PLC also has an operation in Bangladesh -CAL Bangladesh. It is a financial intermediary in Bangladesh, offering merchant banking and stock brokerage services to a diverse group of clients. The IPO opens on May 8.
The funeral of arguably the Queen of the Sinhala cinema Malini Fonseka, will be held with state honours on Monday, May 26, 2025, at the Independence Square.
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
Three Electoral Organisers of the Samagi Jana Balawegaya tendered their resignations.
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